PROJECT DETAILS
Amber Park, along Amber Gardens, was sold to City Developments, for S$906.7 million. Located in the Eastern Region of Singapore, Amber Park has a land area of 213,670 sqft freehold land site has a plot ratio of 2.8 and it may be redeveloped to accommodate a high-rise apartment development of around 24 to 26 storeys, depending on the technical height controls imposed by the relevant authorities.
Amber Park comprises of 200 units of apartments and the successful sale price of S$906.7 million reflects a land rate of about S$1,515 per sq ft per plot ratio, based on the allowable gross plot ratio of 2.8. Development charges are not payable for the proposed redevelopment.
New Condo in Amber Park has an attractive and centralised location as it is close proximity to Central Business District (CBD) and Orchard Shopping Belt.It takes drivers approximately 10 minutes drive to the CBD.
The site of Amber Park has a central location being in the Rest of Central Region of Singapore, with good connectivity with only a short walking distance to the future Tanjong Katong MRT Station, proximity to good schools and sea views around them make both excellent choice for both own-stay and investments.
New Launch of Amber Park 2019
Information on More launches in Amber Gardens and Meyer Road
New Condo Launch at Amber Park- Connectivity
New and Upcoming Condo at Amber Park is just approximately 400 m away from the upcoming Tanjong Katong MRT Station which will start operating in 2023. As of now, New condo at Amber Park is approximately 1.6 km away from Datoka Train Station which operates the Circle Line service. The downtown financial district is approximately 7 minutes’ drive away while the Orchard Shopping Belt will take around 8 minutes of driving. New Condo at Amber Park is also well linked to various expressways namely the East Coast Parkway (ECP), the Pan Island Expressway (PIE) and the Kallang Paya Lebar Expressway (KPE) which provides seamless driving to various parts of Singapore.
New Condo Launch at Amber Park- Amenities
There are numerous retail, eating, leisure and entertainment facilities within the vicinity of New Condo at Amber Park. Within a few minutes’ walk from new condo Amber Park, there are wet market, food centre and retail outlets which are hosted at the Marine Parade Central. There are also numerous useful amenities such as F&B outlets and supermarket that at 112 Katong which is approximately 300 m away. Parkway Parade, a popular shopping mall with those living around East Coast is also just a stone’s throw way. There also many local foods stalls which serve up yummy local delicacies situated at 84 Marine Parade Central Market & Food Centre, Dunman Food Centre, Marine Terrace Block 50A Food Centre, Haig Road Market & Cooked Food Centre, Geylang Serai Market & Food Centre and Old Airport Road Block 51 Market & Food Centre which are less than 2 km away from New and Upcoming Condo at Amber Park.
New Condo Launch in Amber Park- Education
Local school such as Tanjong Katong Primary School, Kong Hwa School, Chung Cheng High School (Main), Dunman High School, Northlight School, Tanjong Katong Girls’ School, Broadrick Secondary School and Tanjong Katong Secondary School are also located within short distance from new condo at Amber Park.
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| Project | New Condo at former site of Amber Park |
| Developer | CDL Developments |
| Location | Amber Gardens |
| District | 15 |
| Tenure | Freehold |
| Site Area | square metres/ square feet |
| GFA: | |
| Plot Ratio | 2.8 |
| Expected TOP: | |
| Total Units | Approximately 800 residential apartments |
| Total Carpark | |
| Development | Condo comprising of couumnal facilities |
| Unit Type: | |
| Architect | |
| Eligibility | SC, SPR and Foreigner can buy |
LOCATION and AMENITIES
CDL DEVELOPMENTS WON TOP BID FOR AMBER PARK CONDO SITE COLLECTIVE SALES
SINGAPORE: Amber Park, a 200-unit freehold condominium in Katong, has been snapped up for S$906.7 million in Singapore’s largest freehold collective sale by dollar value, marketing agent JLL said on Wednesday (Oct 4).
The condominium, which was built in 1986, was bought by City Developments Ltd (CDL), through its wholly owned subsidiary Cityzens Development, and joint-venture partner Hong Realty.
This is the fourth time that Amber Park has been put up for sale. The sale comes as the local en bloc market continues to heat up, with the tender for Amber Park receiving as many as eight bids.
The sale price reflects a land rate of about S$1,515 per sq ft per plot ratio, based on the allowable gross plot ratio of 2.8, JLL said. At this sale price, the owners would expect to receive gross sale proceeds of between S$4.3 million and S$8.3 million, it added.
Subject to approval, CDL and Hong Realty plan to redevelop Amber Park into a luxury condominium development comprising four 25-storey blocks with close to 800 units and a basement carpark, CDL said in a separate statement. The current site has an area of 213,675 sq ft, and an allowable gross floor area of about 598,290 sq ft.
Mr Tan Hong Boon, regional director at JLL, said: “There are not many sites of similar size that are available for redevelopment in the Amber Road location ... Amber Park could possibly be one of the last collective sale sites with a land area above 200,000 sq ft in this precinct.”
The Amber Road area is an established private residential enclave that enjoys a strong following from both locals and expatriates alike, due to its proximity to the central business district, East Coast Park and the airport.
The site is also within 1km to Tanjong Katong Primary School and 2km to CHIJ (Katong) Primary, Haig Girls’ School, Kong Hwa School and Tao Nan School, which are popular primary schools.
Connectivity will be further enhanced when Tanjong Katong MRT station, located 200m from the site, is completed in 2023.
Mr Sherman Kwek, CDL CEO-designate, said: “This is one of our most significant investment deals in the Singapore residential market in recent years. CDL was the original developer for Amber Park in the 1980s and we are honoured to be able to redevelop the site into yet another iconic landmark.” For Re Launch of Amber Park, Click HERE
Source: Channel News Asia 4th October 2017
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